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Carpe diem: Intraday tactics for Dax and Dow

  • #14,161
  • Oct 22, 2015 1:52pm Oct 22, 2015 1:52pm
Quoting Amahesh
{quote} Do you have a drop target?
Not as yet but certainly lower than 2009 low
  • #14,162
  • Oct 22, 2015 1:56pm Oct 22, 2015 1:56pm
short @17468,2 sl -20 tp +60
fortis fortuna adiuvat
  • #14,163
  • Oct 22, 2015 2:08pm Oct 22, 2015 2:08pm
Quoting deltaone
{quote} buying dips is a high risk business: sl = be now.
You are unstoppable. Will this be your best day this year?
:: everything is awesome ::
  • #14,164
  • Oct 22, 2015 2:09pm Oct 22, 2015 2:09pm
70 "traders" watching d1 trade the crazy-hour
fortis fortuna adiuvat
  • #14,165
  • Oct 22, 2015 2:10pm Oct 22, 2015 2:10pm
Quoting Black Fox
{quote} You are unstoppable. Will this be your best day this year?
yeah, delta on fire twt. already a realy good one
fortis fortuna adiuvat
  • #14,166
  • Oct 22, 2015 2:17pm Oct 22, 2015 2:17pm
Quoting deltaone
short @17468,2 sl -20 tp +60
sl hit. -20
fortis fortuna adiuvat
  • #14,167
  • Oct 22, 2015 2:18pm Oct 22, 2015 2:18pm
short @17478,2 sl -20 tp +60
fortis fortuna adiuvat
  • #14,168
  • Oct 22, 2015 2:28pm Oct 22, 2015 2:28pm
Quoting deltaone
short @17478,2 sl -20 tp +60
sl hit. -20
fortis fortuna adiuvat
  • #14,169
  • Oct 22, 2015 2:33pm Oct 22, 2015 2:33pm
short @17499,7 sl-20 tp +60
fortis fortuna adiuvat
  • #14,170
  • Oct 22, 2015 2:40pm Oct 22, 2015 2:40pm
Quoting deltaone
short @17499,7 sl-20 tp +60
sl = be now
fortis fortuna adiuvat
  • #14,171
  • Oct 22, 2015 2:46pm Oct 22, 2015 2:46pm
Quoting deltaone
{quote} sl = be now
sl hit. +-0
fortis fortuna adiuvat
  • #14,172
  • Oct 22, 2015 2:48pm Oct 22, 2015 2:48pm
short @17487,2 sl -20 tp +60
fortis fortuna adiuvat
  • #14,173
  • Oct 22, 2015 2:57pm Oct 22, 2015 2:57pm
Quoting deltaone
short @17487,2 sl -20 tp +60
out. +-0
fortis fortuna adiuvat
  • #14,174
  • Oct 22, 2015 3:01pm Oct 22, 2015 3:01pm
Kudos to D1 trading into DJ's dusk

Quoting stylinex
We most likely will not see much of a drop from here. Very few point drop if that. DAX is too bullish and wants to finish the year up. We have more QE funds on the way for December to make sure last month finishes up for the year. Christmas present for all
I guess it will be a warm winter if Draghi announces QE2 and a rate cut in December. Otherwise it'll be a deflation of the markets in addition to that of the mainstream economy.

I got my eye on next week's US GDP number but given Draghi's power punch, the expected Fed Atlanta nowcast of 0.9% will be quite irrelevant (and perhaps even help the rally with hike delay).
  • #14,175
  • Oct 22, 2015 9:41pm Oct 22, 2015 9:41pm
Quoting squallpips
Kudos to D1 trading into DJ's dusk {quote} I guess it will be a warm winter if Draghi announces QE2 and a rate cut in December. Otherwise it'll be a deflation of the markets in addition to that of the mainstream economy. I got my eye on next week's US GDP number but given Draghi's power punch, the expected Fed Atlanta nowcast of 0.9% will be quite irrelevant (and perhaps even help the rally with hike delay).
If the numbers are good then we rally further up. If the numbers are bad then we rally as well because it means we need more QE Funds and rate hike will be delayed which is seen as good news. With QE in place there is no such thing as bad news these days any more. Best to stick with the flow I guess otherwise it's a WTF market these days..
  • #14,176
  • Oct 23, 2015 12:28am Oct 23, 2015 12:28am
We had some really bullish momentum after the ECB meeting thanks to Draghi signalling the ECB may increase the QE in Dec 2015, it sent the Dax flying and EURUSD sinking. The old one-two punch. It appeared that the algo funds were buying each time the market price dipped below the 7sma and 20sma on the 1m yesterday, will be interested to see if it will do the same today.

We broke through the downward trend channel, and we are already up 114pts for the day before it has even started. Japanese and Chinese economic data was good today, and US data was mixed although housing sales and unemployment claims data was good. You would think buy-the dips is the best for today, but it is Friday so I wouldn't be surprised if there is some profit taking. You would think the target of 10,765pts (61.8% fib) is within reach over next couple of days.
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  • #14,177
  • Oct 23, 2015 1:00am Oct 23, 2015 1:00am
GM,
M30, where 10, 530 holds nicely so far (please see post 14, 131 to see where that res turned support is coming from)
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M1 perspective (levels of interest) going into today's trading:
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best,
  • #14,178
  • Oct 23, 2015 1:02am Oct 23, 2015 1:02am
I thought the Weekly was interesting also... 10689 is the 20sma, could be daily resistance.
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  • #14,179
  • Oct 23, 2015 1:08am Oct 23, 2015 1:08am
Short Dax 10629
Currently @ BE

'''
Out at BE
  • #14,180
  • Oct 23, 2015 1:34am Oct 23, 2015 1:34am
We've hit the Daily 200ema @10,645, which doesn't guarantee that we'll be coming down, but it's an important level for sure. It would.t surprise me to see another push up this morning which may give divergence, and the TF I'll be watching for that if we do is the 30m.
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